Private Equity

Geffen Cooperman Commons

Capital Diversity: Strategy for Inclusive Allocation

A conversation with Derek Jones, Robert Greene, and Dr. Larry Morse.

Join us for an insightful panel discussion delving into the crucial role of private equity in addressing inequality in capital allocation and fostering diversity within the investment landscape. Our esteemed panelists, comprising seasoned investors and industry experts, will explore the challenges and opportunities surrounding investment in diverse managers. From examining the barriers faced by underrepresented groups to discussing strategies for inclusive capital deployment, this session aims to shed light on how private equity can drive meaningful change and promote a more equitable and inclusive investment ecosystem.

Derek Jones

Vice Chairman Grosvenor Capital Management

Mr. Jones is a Vice Chairman of Private Equity Investments at GCM Grosvenor, where he is a member of the Private Equity, Real Estate and Infrastructure Investment Committee and the Diversity, Equity and Inclusion Committee. He has led the firm’s private equity diverse manager practice for the past 16 years. As of March 31,2023, the firm has committed $8.7bn to women and people of color in over 230 investments. He also led the firm’s private equity co-investment practice from 2010-2020, which had approximately ~$5bn AUM. His responsibilities include team management, deal sourcing and investment underwriting activities. Prior to joining GCM Grosvenor, Mr. Jones was a Managing Partner at Oncore Capital, as well as a General Partner at Provender Capital. He started his private equity career 35 years ago at Prudential Insurance Company as part of Prudential Equity Investors, which subsequently became Cornerstone Equity Investors, where he was a partner. Mr. Jones received his Bachelor of Arts in Economics from American University and his Master of Business Administration in Finance from New York University. Mr. Jones has served on numerous advisory, portfolio company, and non-profit boards over the years. He currently serves on the board of and was former treasurer to the National Association of Investment Companies. Mr. Jones also serves on the advisory board of the American University Kogod School of Business. He is a recipient of the Pacesetter Award from the National Association of Investment Companies in 2012 and the UNCF Keeper of the Flame Award in 2016. He was also recognized as one of the 75 Most Powerful Blacks on Wall Street by Black Enterprise Magazine in 2011. In addition, he recently joined the board of the Apollo theater.

Robert Greene

President & CEO NAIC

Robert ‘Bob’ Greene is the President & Chief Executive Officer of the National Association of Investment Companies (NAIC), the industry association for diverse-owned alternative asset class investment firms. NAIC is comprised of 190 member firms that collectively manage more than $375 billion in assets. Bob is a member of the board of directors of three private equity sponsored companies, Transworld Systems Inc. (TSI), MediaCo Holdings and Synergy Equipment. In addition, he serves on the National Executive Board of the Boy Scouts of America. Bob holds a degree in Economics from Virginia Commonwealth University. He is a lifetime member of the National Eagle Scout Association, the National INROADS Alumni Association, and Kappa Alpha Psi Fraternity, Inc.

Dr. Larry Morse

Co-Founder & CEO Fairview Capital Partners

Laurence C. Morse is Co-Founder and Chief Executive Officer of Fairview Capital Partners, Inc., which creates and manages customized private equity fund investment vehicles for public and corporate pension funds, and other institutional investors, since inception managing over $11 Billion. Prior to co-founding Fairview, Dr. Morse was a Principal at TSG Ventures. He began his career in venture capital and private equity in 1983 at UNC Ventures in Boston. Dr. Morse is a past Chairman of the Board of Directors of the National Association of Investment Companies, and serves on the Advisory Boards of numerous venture capital and private equity firms, including Battery Ventures, GenNx360 Capital Partners, Sierra Ventures and U.S. Venture Partners (USVP). He is a member of the boards of Webster Financial Corporation (NYSE:WBS), Harris Associates Investment Trust (The Oakmark Mutual Funds) and the National Bureau of Economic Research (NBER). For over a decade, he served as a Trustee of the Institute of International Education, having been Treasurer as well as Chair of the board’s Investment Committee. He is a former Trustee of Princeton University, and a former Director of the Princeton University Investment Company (PRINCO). Since July 1, 2020, he has served as Chair of the Board of Trustees of Howard University, having been a member of the board since 2014. Dr. Morse graduated summa cum laude and Phi Beta Kappa from Howard University with a B. A. in Economics, having spent his junior year at The London School of Economics and Political Science as a Luard Scholar. He earned M. A. and Ph.D. degrees in Economics at Princeton University and has been a postdoctoral fellow at Harvard University. He began his professional career as an economist in the Employment and Labor Policy Group at The Urban Institute in Washington, DC in 1978.

Brody Adams (Moderator)

2Y Student Columbia Business School